Canada's inflation rate has finally slowed
After two months of growth, there was an improvement.
After two months of consistent acceleration, inflation in Canada finally eased its pace to 3.8% for September. In August, the figure was closer to 4%.
According to economists, this is due to lower prices for various goods and services, including travel, durable goods and some food items.
Grocery basket
According to a report from Statistics Canada, food price growth slowed last month but remained above overall inflation. In September, it amounted to 5.8% year-on-year after a 6.9% increase in August.
Prices for which products have grown the slowest:
- for meat ( 4.4%);
- for dairy products ( 4.0%);
- for coffee and tea (2.7%)
However, some food items have become expensive faster than before. These include:
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